LVM Capital Management Ltd.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 12, 2026), LVM Capital Management Ltd. reported 161 stock positions worth $1.1 billion. Its top holding was Apple (AAPL) at 9.3% of the portfolio, followed by Broadcom (AVGO, 7.7%) and Microsoft (MSFT, 7.6%). Compared with Q3 2025, it opened 12 new positions, sold out of 16, added to 24 and reduced 81. The biggest buy was Amazon.com (AMZN, shares +1074%) and the biggest sale Microsoft (MSFT, shares −0%).

Most Recent 13F
Q2 2026
Location
PORTAGE, MI
CIK
0001053054
Portfolio Value
$1.1B (Q4 2025)
SEC Filing
0001053054-26-000001 ↗ filed Jan 12, 2026

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $846.6M Q1 2024 Q2 2024: $878.8M Q2 2024 Q3 2024: $878.8M Q3 2024 Q4 2024: $929.8M Q4 2024 Q1 2025: $898.1M Q1 2025 Q2 2025: $964.2M Q2 2025 Q3 2025: $1.0B Q3 2025 Q4 2025: $1.1B $1.1B Q4 2025 Q1 2026: $1.1B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 161 stocks · $1.1B
AAPL Apple Inc. 9.31% 368,719 $100.2M Reduce -3.3%
AVGO Broadcom Inc. 7.72% 240,090 $83.1M Reduce -2.6%
MSFT Microsoft Corp. 7.57% 168,571 $81.5M Reduce -0.1%
LLY Eli Lilly & Co. 5.11% 51,197 $55.0M Reduce -0.7%
GOOGL Alphabet Inc. Class A 3.88% 133,529 $41.8M Reduce -4.6%
ABBV Abbvie Inc. 3.60% 169,711 $38.8M Add +0.0%
MS Morgan Stanley 3.18% 192,743 $34.2M Reduce -2.2%
CSCO Cisco Systems Inc. 2.80% 391,748 $30.2M Reduce -0.2%
JNJ Johnson & Johnson 2.79% 145,288 $30.1M Reduce -0.9%
XOM Exxon Mobil Corp. 2.77% 247,550 $29.8M Reduce -0.7%
AXP American Express Co. 2.72% 79,194 $29.3M Reduce -1.1%
PG The Procter & Gamble Co. 2.41% 181,212 $26.0M Reduce -0.4%
DGRW Wisdomtree U.S. Quality Divi 2.37% 285,055 $25.5M Reduce -1.8%
IAU iShares Gold Trust 2.27% 301,370 $24.5M Add +2.0%
NOC Northrop Grumman Corp. 2.07% 39,169 $22.3M Add +0.7%
AMAT Applied Materials Inc. 1.80% 75,583 $19.4M Reduce -7.8%
JPM JPMorgan Chase & Co. 1.67% 55,936 $18.0M Add +0.3%
NVT Nvent Electric PLC 1.57% 165,427 $16.9M Add +0.6%
NVDA Nvidia Corp. 1.51% 87,413 $16.3M Add +5.8%
IDA Idacorp Inc. 1.49% 126,792 $16.0M Add +0.6%
HD Home Depot Inc. 1.47% 46,073 $15.9M Reduce -13.9%
AMZN Amazon.com Inc. 1.38% 64,503 $14.9M Add +1074.3%
HUBB Hubbell Inc. 1.26% 30,635 $13.6M Add +1.5%
SPY SS SPDR S&P 500 ETF Trust-US 1.21% 19,177 $13.1M Reduce -0.5%
SYK Stryker Corp. 1.21% 37,063 $13.0M Add +0.0%
CRM Salesforce Inc. 1.19% 48,551 $12.9M Add +0.3%
KR Kroger Co. 1.15% 197,394 $12.3M Reduce -1.1%
IQLT iShares MSCI International Q 1.09% 257,461 $11.7M Add +3.6%
VRTX Vertex Pharmaceuticals Inc. 1.09% 25,775 $11.7M Reduce -0.3%
PANW Palo Alto Networks Inc. 0.94% 54,938 $10.1M Add +2.6%
AMGN Amgen Inc. 0.92% 30,207 $9.9M Reduce -0.3%
UBER Uber Technologies Inc. 0.78% 102,980 $8.4M Reduce -9.2%
PFE Pfizer Inc. 0.76% 328,276 $8.2M Add +1.0%
EMXC iShares MSCI Emr MRK Ex Chna 0.75% 111,653 $8.1M Add +5.2%
EOG EOG Resources Inc. 0.73% 74,505 $7.8M Reduce -17.1%
FTNT Fortinet Inc. 0.72% 97,551 $7.7M Reduce -0.1%
DLR Digital Realty Trust Inc. 0.67% 46,392 $7.2M Reduce -0.5%
DGRS Wisdomtree U.S. Smallcap Qua 0.63% 137,487 $6.8M Reduce -0.2%
WM Waste Management Inc. 0.63% 30,758 $6.8M Reduce -0.1%
CVX Chevron Corp. 0.55% 38,689 $5.9M Reduce -7.0%
ICLR Icon PLC 0.55% 32,257 $5.9M Reduce -2.2%
IXUS iShares Core Intl Stock ETF 0.50% 63,165 $5.3M Add +4.7%
SPTM SS SPDR P S&P 1500 Comp ETF 0.49% 64,031 $5.3M Add +3.9%
LMT Lockheed Martin Corp. 0.43% 9,613 $4.7M Reduce -1.5%
MO Altria Group Inc. 0.41% 77,040 $4.4M Reduce -10.5%
O Realty Income Corp. 0.37% 70,099 $4.0M Reduce -6.0%
PM Philip Morris International 0.36% 24,373 $3.9M No change
SCHD Schwab US DVD Equity ETF 0.35% 139,177 $3.8M Reduce -2.6%
ABT Abbott Laboratories 0.34% 28,951 $3.6M Reduce -0.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.32% 11,520 $3.4M Reduce -1.4%
GOOG Alphabet Inc. Class C 0.31% 10,683 $3.4M Reduce -2.8%
GLD SPDR Gold Shares 0.28% 7,575 $3.0M Add +0.7%
DHS Wisdomtree US High Dividend 0.28% 29,329 $3.0M Reduce -9.1%
SYY Sysco Corp. 0.27% 39,910 $2.9M Reduce -0.5%
XLK SS Technology Select Sector 0.25% 18,377 $2.6M Reduce -1.2%
HSY The Hershey Co. 0.24% 14,212 $2.6M Reduce -9.3%
PEP Pepsico Inc. 0.24% 17,910 $2.6M Reduce -6.1%
CMA Comerica Inc. 0.23% 28,107 $2.4M Reduce -4.1%
IWF iShares Russell 1000 Growth 0.22% 5,041 $2.4M Reduce -0.0%
BRK.B Berkshire Hathaway Inc. Class B 0.22% 4,625 $2.3M Reduce -1.3%
CASY Casey's General Stores Inc. 0.19% 3,780 $2.1M No change
KO The Coca-Cola Co. 0.18% 27,524 $1.9M Reduce -0.6%
NEE Nextera Energy Inc. 0.17% 22,192 $1.8M Reduce -0.3%
LIEN Chicago Atlantic BDC Inc. 0.15% 161,326 $1.7M New
TD Toronto-Dominion Bank 0.15% 17,336 $1.6M Reduce -2.0%
XLV SS Health Care Select Sector 0.13% 9,362 $1.4M Add +5.6%
PHYS Sprott Physical Gold Trust 0.13% 43,675 $1.4M No change
RTX RTX Corp. 0.13% 7,662 $1.4M Reduce -1.3%
MRK Merck & Co. Inc. 0.12% 11,977 $1.3M Reduce -1.8%
CAT Caterpillar Inc. 0.12% 2,166 $1.2M Reduce -1.4%
MDT Medtronic PLC 0.11% 12,196 $1.2M Reduce -11.0%
IJH iShares Core S&P Midcap ETF 0.10% 16,257 $1.1M Reduce -8.5%
MMM 3M Co. 0.10% 6,584 $1.1M Reduce -4.2%
ORCL Oracle Corp. 0.09% 5,211 $1.0M Reduce -0.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.09% 17,993 $990K No change
SMH Vaneck Semiconductor ETF 0.09% 2,745 $989K Reduce -5.0%
DE Deere & Co. 0.09% 2,095 $975K Reduce -2.1%
MCD McDonald's Corp. 0.09% 3,167 $968K Reduce -2.5%
TRV The Travelers Cos Inc. 0.09% 3,251 $943K No change
XNTK SS SPDR Nyse Tech ETF 0.09% 3,379 $939K Add +14.4%
VIG Vanguard Dividend Apprec ETF 0.09% 4,241 $932K Add +3.7%
CTAS Cintas Corp. 0.09% 4,950 $931K Reduce -1.8%
INTC Intel Corp. 0.08% 23,006 $849K No change
DUK Duke Energy Corp. 0.08% 6,941 $814K Add +63.4%
UNH Unitedhealth Group Inc. 0.07% 2,440 $805K No change
IJR iShares Core S&P Small-Cap E 0.07% 6,586 $792K Reduce -9.5%
BRK.A Berkshire Hathaway Inc. Class A 0.07% 1 $755K No change
V Visa Inc. Class A 0.07% 2,102 $737K Reduce -0.8%
VWO Vanguard Ftse Emerging Marke 0.07% 13,305 $715K Add +2.0%
PNC PNC Financial Services Group 0.06% 3,267 $682K No change
AZN Astrazeneca PLC-Spons ADR 0.06% 7,411 $681K No change
MBWM Mercantile Bank Corp. 0.06% 13,977 $672K Reduce -4.1%
SPDW Ste STR SPDR PT DW Eu ETF 0.06% 15,100 $671K No change
BMY Bristol-Myers Squibb Co. 0.06% 12,224 $659K Reduce -4.3%
ADP Automatic Data Processing 0.06% 2,559 $658K Reduce -1.0%
TMO Thermo Fisher Scientific Inc. 0.06% 1,128 $654K Reduce -2.8%
AMT American Tower Corp. 0.06% 3,682 $646K No change
NUE Nucor Corp. 0.06% 3,900 $636K Add +105.3%
CNI Canadian Natl Railway Co. 0.06% 6,300 $623K No change
SRE Sempra 0.05% 6,677 $590K No change
IVV iShares Core S&P 500 ETF 0.05% 853 $584K Reduce -6.9%
PSX Phillips 66 0.05% 4,395 $567K Reduce -4.3%
COST Costco Wholesale Corp. 0.05% 630 $543K Reduce -4.5%
T AT&T Inc. 0.05% 21,834 $542K Reduce -21.6%
ETN Eaton Corp. PLC 0.05% 1,633 $520K Reduce -0.6%
AES AES Corp. 0.05% 35,685 $512K New
DVN Devon Energy Corp. 0.05% 13,445 $492K New
FCX Freeport-McMoran Inc. 0.05% 9,640 $490K New
DLTR Dollar Tree Inc. 0.04% 3,937 $484K New
WMT Walmart Inc. 0.04% 4,320 $481K Reduce -5.5%
AIG American International Group 0.04% 5,615 $480K New
LUV Southwest Airlines Co. 0.04% 11,570 $478K New
LULU Lululemon Athletica Inc. 0.04% 2,295 $477K New
TKO Tko Group Holdings Inc. 0.04% 2,230 $466K New
META Meta Platforms Inc. Class A 0.04% 678 $448K Reduce -3.8%
KMB Kimberly-Clark Corp. 0.04% 4,355 $439K Reduce -7.8%
SMCI Super Micro Computer Inc. 0.04% 14,990 $439K New
XLY SS Consumer Disc Select Sect 0.04% 3,624 $433K Reduce -1.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.04% 3,791 $431K Reduce -89.8%
VZ Verizon Communications Inc. 0.04% 10,540 $429K Reduce -10.6%
MRNA Moderna Inc. 0.04% 14,290 $421K New
SO The Southern Co. 0.04% 4,807 $419K No change
MA Mastercard Inc. Class A 0.04% 710 $405K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.04% 818 $399K No change
YUM Yum! Brands Inc. 0.04% 2,577 $390K No change
SPGI S&P Global Inc. 0.03% 707 $369K No change
VOO Vanguard S&P 500 ETF 0.03% 578 $362K No change
FAST Fastenal Co. 0.03% 9,000 $361K No change
FISV Fiserv Inc. 0.03% 5,250 $353K No change
NOBL Proshares S&P 500 Dividend A 0.03% 3,365 $350K Reduce -40.3%
DFUV Dimensional US Marketwide Va 0.03% 7,391 $344K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.03% 2,043 $314K Reduce -3.3%
CLX Clorox Company 0.03% 3,084 $311K Reduce -2.7%
APD Air Products & Chemicals Inc. 0.03% 1,132 $280K No change
BLK BlackRock Finance Inc. 0.02% 250 $268K No change
PH Parker Hannifin Corp. 0.02% 299 $263K No change
GNTX Gentex Corp. 0.02% 11,050 $257K No change
CL Colgate-Palmolive Co. 0.02% 3,184 $252K No change
XLE SS Energy Select Sector 0.02% 5,542 $248K Reduce -2.0%
GD General Dynamics Corp. 0.02% 725 $244K Reduce -4.6%
VTI VG Morningstar TS MKT ETF-US 0.02% 727 $244K Reduce -0.7%
ADBE Adobe Inc. 0.02% 688 $241K Reduce -1.4%
NSC Norfolk Southern Corp. 0.02% 835 $241K No change
CHD Church & Dwight Co. Inc. 0.02% 2,864 $240K No change
GIS General Mills Inc. 0.02% 5,105 $237K Reduce -2.8%
BF.B Brown-Forman Corp. Class B 0.02% 8,905 $232K No change
EES Wisdomtree US Smallcap Fund 0.02% 3,916 $223K Reduce -5.8%
USB US Bancorp 0.02% 4,166 $222K No change
AEP American Electric Power 0.02% 1,900 $219K No change
DVY iShares Select Dividend ETF 0.02% 1,516 $214K No change
TT Trane Technologies PLC 0.02% 550 $214K No change
TSLA Tesla Inc. 0.02% 470 $211K New
ONEQ Fidelity Nasdaq Comp Indx 0.02% 2,281 $208K No change
FNV Franco-Nevada Corp. 0.02% 1,000 $207K No change
OMZNF Osisko Metals Inc. filed as ORISKO METALS 0.00% 33,200 $18K No change
ATOS Atossa Therapeutics Inc. 0.00% 21,000 $12K No change
VXRT Vaxart Inc. 0.00% 25,000 $9K No change
ECCI Ecoloclean Industries Inc. 0.00% 26,300 $0 No change
IGPG Ignis Petroleum Group Inc. filed as GNIS PETROLEUM 0.00% 22,000 $0 No change
FRBKQ Republic First Bancorp Inc. 0.00% 50,000 $0 No change
WEBB INTERACT SERVICES 0.00% 303,575 $0 No change

Portfolio Sells Q3 2025 → Q4 2025
MSFT Microsoft Corp. Reduce -0.1% 7.57% −0.83
HD Home Depot Inc. Reduce -13.9% 1.47% −0.61
DIS The Walt Disney Co. Reduce -89.8% 0.04% −0.37
SBUX Starbucks Corp. Sold out 0.00% −0.34
UBER Uber Technologies Inc. Reduce -9.2% 0.78% −0.29
PG The Procter & Gamble Co. Reduce -0.4% 2.41% −0.27
EOG EOG Resources Inc. Reduce -17.1% 0.73% −0.24
KR Kroger Co. Reduce -1.1% 1.15% −0.15
MO Altria Group Inc. Reduce -10.5% 0.41% −0.13
DGRW Wisdomtree U.S. Quality Divi Reduce -1.8% 2.37% −0.11
DLR Digital Realty Trust Inc. Reduce -0.5% 0.67% −0.11
AVGO Broadcom Inc. Reduce -2.6% 7.72% −0.10
CVX Chevron Corp. Reduce -7.0% 0.55% −0.07
FTNT Fortinet Inc. Reduce -0.1% 0.72% −0.07
O Realty Income Corp. Reduce -6.0% 0.37% −0.07
LRCX Lam Research Corp. Sold out 0.00% −0.05
MNST Monster Beverage Corp. Sold out 0.00% −0.05
VMC Vulcan Materials Co. Sold out 0.00% −0.05
APA Apa Corp. Sold out 0.00% −0.05
NRG NRG Energy Inc. Sold out 0.00% −0.05
RL Ralph Lauren Corp. Sold out 0.00% −0.05
CMI Cummins Inc. Sold out 0.00% −0.05
ORCL Oracle Corp. Reduce -0.9% 0.09% −0.05
PODD Insulet Corp. Sold out 0.00% −0.05
SYY Sysco Corp. Reduce -0.5% 0.27% −0.04
HSY The Hershey Co. Reduce -9.3% 0.24% −0.04
ABT Abbott Laboratories Reduce -0.2% 0.34% −0.04
LMT Lockheed Martin Corp. Reduce -1.5% 0.43% −0.04
DHS Wisdomtree US High Dividend Reduce -9.1% 0.28% −0.04
K Kellanova Sold out 0.00% −0.03
DGRS Wisdomtree U.S. Smallcap Qua Reduce -0.2% 0.63% −0.03
WM Waste Management Inc. Reduce -0.1% 0.63% −0.03
T AT&T Inc. Reduce -21.6% 0.05% −0.03
NOBL Proshares S&P 500 Dividend A Reduce -40.3% 0.03% −0.02
DTH Wisdomtree International Hig Sold out 0.00% −0.02
USMV iShares MSCI USA Min Vol Fac Sold out 0.00% −0.02
TXN Texas Instruments Inc. Sold out 0.00% −0.02
DTE DTE Energy Company Sold out 0.00% −0.02
BX Blackstone Inc. Sold out 0.00% −0.02
SCHD Schwab US DVD Equity ETF Reduce -2.6% 0.35% −0.02
DBEF Xtrackers MSCI Eafe Hedged E Sold out 0.00% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.5% 1.21% −0.02
PEP Pepsico Inc. Reduce -6.1% 0.24% −0.02
AAPL Apple Inc. Reduce -3.3% 9.31% −0.02
MDT Medtronic PLC Reduce -11.0% 0.11% −0.02
KMB Kimberly-Clark Corp. Reduce -7.8% 0.04% −0.02
CTAS Cintas Corp. Reduce -1.8% 0.09% −0.01
IJH iShares Core S&P Midcap ETF Reduce -8.5% 0.10% −0.01
ADP Automatic Data Processing Reduce -1.0% 0.06% −0.01
ETN Eaton Corp. PLC Reduce -0.6% 0.05% −0.01

Portfolio Buys Q3 2025 → Q4 2025
AMZN Amazon.com Inc. Add +1074.3% 1.38% +1.27
IAU iShares Gold Trust Add +2.0% 2.27% +0.21
LIEN Chicago Atlantic BDC Inc. New 0.15% +0.15
CRM Salesforce Inc. Add +0.3% 1.19% +0.09
EMXC iShares MSCI Emr MRK Ex Chna Add +5.2% 0.75% +0.07
AES AES Corp. New 0.05% +0.05
DVN Devon Energy Corp. New 0.05% +0.05
FCX Freeport-McMoran Inc. New 0.05% +0.05
DLTR Dollar Tree Inc. New 0.04% +0.04
AIG American International Group New 0.04% +0.04
LUV Southwest Airlines Co. New 0.04% +0.04
LULU Lululemon Athletica Inc. New 0.04% +0.04
TKO Tko Group Holdings Inc. New 0.04% +0.04
SMCI Super Micro Computer Inc. New 0.04% +0.04
MRNA Moderna Inc. New 0.04% +0.04
NUE Nucor Corp. Add +105.3% 0.06% +0.03
NVDA Nvidia Corp. Add +5.8% 1.51% +0.03
IQLT iShares MSCI International Q Add +3.6% 1.09% +0.03
DUK Duke Energy Corp. Add +63.4% 0.08% +0.03
GLD SPDR Gold Shares Add +0.7% 0.28% +0.02
TSLA Tesla Inc. New 0.02% +0.02
IXUS iShares Core Intl Stock ETF Add +4.7% 0.50% +0.02
HUBB Hubbell Inc. Add +1.5% 1.26% +0.02
XLV SS Health Care Select Sector Add +5.6% 0.13% +0.02
SPTM SS SPDR P S&P 1500 Comp ETF Add +3.9% 0.49% +0.01
XNTK SS SPDR Nyse Tech ETF Add +14.4% 0.09% +0.01
NVT Nvent Electric PLC Add +0.6% 1.57% +0.01
VIG Vanguard Dividend Apprec ETF Add +3.7% 0.09% +0.00
VWO Vanguard Ftse Emerging Marke Add +2.0% 0.07% −0.00
JPM JPMorgan Chase & Co. Add +0.3% 1.67% −0.02
PFE Pfizer Inc. Add +1.0% 0.76% −0.04
SYK Stryker Corp. Add +0.0% 1.21% −0.11
PANW Palo Alto Networks Inc. Add +2.6% 0.94% −0.11
IDA Idacorp Inc. Add +0.6% 1.49% −0.11
ABBV Abbvie Inc. Add +0.0% 3.60% −0.17
NOC Northrop Grumman Corp. Add +0.7% 2.07% −0.20

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 163$1.2BAAPL, AVGO, MSFT, LLY, AMAT
Q1 2026 160$1.1BAAPL, AVGO, MSFT, LLY, XOM
Q4 2025 161$1.1BAAPL, AVGO, MSFT, LLY, GOOGL
Q3 2025 165$1.0BAAPL, MSFT, AVGO, LLY, ABBV
Q2 2025 154$964.2MMSFT, AAPL, AVGO, LLY, ABBV
Q1 2025 151$898.1MAAPL, MSFT, AVGO, LLY, ABBV
Q4 2024 155$929.8MAAPL, AVGO, MSFT, LLY, PG
Q3 2024 142$878.8MAAPL, MSFT, AVGO, LLY, PG
Q2 2024 142$878.8MAAPL, MSFT, AVGO, LLY, PG
Q1 2024 141$846.6MMSFT, AAPL, AVGO, PG, LLY